US Markets Lost Strength, Increased Caution in the Market
After declining for two consecutive trading weeks, the S&P 500 started this week on a stronger note and opened higher on Tuesday. However, the market lost strength as the day progressed and closed lower. On July 3, five out of 11 major S&P 500 sectors closed the day lower. Weakness in the IT and financials sectors weighed on the market. However, strength in the telecom services and energy sectors limited the market’s losses.